NOT LISTED FOR SALE

243 W Elm Ave Burbank, CA 91502

Rancho Adjacent Neighborhood

Estimated Value: $1,086,000 - $1,497,000

3 Beds
5 Baths
1,995 Sq Ft
$643/Sq Ft Est. Value

Sale Details

Date Sold: April 25, 2012

Last sale price $470,000 $236 Per Sq Ft

Est. 173% increase in value since last sale

Current estimated payment $7,547 / mo

20 Days on Market

Highlights

  • No HOA
  • Attached Carport
  • Floor Furnace
  • William McKinley Elementary School Rated A-

About This Home

As of April 2012

Great opportunity for Investor. Property features 4 Units. Unit 1 - 2Bed and 2 Baths with Fireplace. Unit 2 - 1Bed and 1 Bath. Back Units 3-4 are studios with an attached carport. Lots of space for additional parking. Easy access to the 5fwy. No Rent Control!

Last Agent to Sell the Property

Ed Sanchez

No Firm Affiliation License #01293683 Listed on: 03/08/2012

Last Buyer's Agent

Naira Khachatryan

Town & Ranch Realty License #01410165

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1941

Lot Details

  • 8,260

Home Design

  • Fixer Upper

Interior Spaces

  • 1,995 Sq Ft Home
  • Living Room with Fireplace

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 5 Bathrooms

Parking

  • 6 Parking Spaces
  • Attached Carport
  • Parking Available

Utilities

  • Floor Furnace
  • Wall Furnace

Additional Features

  • 8,260 Sq Ft Lot
  • Suburban Location

Listing and Financial Details

  • Tax Lot 35
  • Tax Tract Number 8190
  • Assessor Parcel Number 5625015014

Community Details

Overview

  • No Home Owners Association
  • 3 Buildings
  • 4 Units

Building Details

  • 4 Separate Electric Meters
  • 4 Separate Gas Meters
  • 4 Separate Water Meters

Property Details

Home Type

Multi-Family

Year Built

Built in 1941

Lot Details

8,260 Sq Ft Lot

Listing Details

  • View: No
  • Property Condition: Fixer
  • Property Type: Residential Income
  • Parcel Number: 5625015014
  • Year Built: 1941
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Fireplace: Yes
  • Fireplace Features: Living Room
  • Levels: One
  • Price Per Square Foot: 235.59

Exterior Features

  • Pool Private: No
  • Spa: No

Garage/Parking

  • Parking: Yes
  • Parking Features: Attached Carport
  • Total Parking Spaces: 6.00

Utilities

  • Heating: Yes
  • Heating Type: Floor Furnace, Wall Furnace

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Suburban

Lot Info

  • Lot Size Sq Ft: 8260.00
  • Lot Size Acres: 0.1900

Multi Family

  • Lot Size Area: 8260.0000 Square Feet
  • Number Of Separate Electric Meters: 4
  • Number Of Separate Gas Meters: 4
  • Number Of Separate Water Meters: 4
  • Number Of Units Total: 4
  • Rent Control: No

Tax Info

  • Tax Lot: 35
  • Tax Tract Number: 8190

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Oct 9, 2013
Sold by
Bought by
Current Estimated Value
$1,283,000

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$400,000
Outstanding Balance
$295,755
Interest Rate
4.17%
Mortgage Type
New Conventional
Estimated Equity
$987,245

Purchase Details

Listed on
Mar 8, 2012
Closed on
Apr 11, 2012
Sold by
Bought by
Seller's Agent
Ed Sanchez
No Firm Affiliation
Buyer's Agent
Naira Khachatryan
Town & Ranch Realty
List Price
$412,000
Sold Price
$470,000
Premium/Discount to List
$58,000
14.08%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
7.34%

Purchase Details

Listed on
Mar 8, 2012
Closed on
Apr 3, 2012
Sold by
Bought by
Seller's Agent
Ed Sanchez
No Firm Affiliation
Buyer's Agent
Naira Khachatryan
Town & Ranch Realty
List Price
$412,000
Sold Price
$470,000
Premium/Discount to List
$58,000
14.08%

Purchase Details

Closed on
Nov 21, 2011
Sold by
Bought by

Purchase Details

Closed on
Nov 12, 2009
Sold by
Bought by

Purchase Details

Closed on
Nov 3, 2009
Sold by
Bought by

Purchase Details

Closed on
Sep 21, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Sep 7, 2005
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$540,000
Interest Rate
7.5%
Mortgage Type
Fannie Mae Freddie Mac

Purchase Details

Closed on
Oct 21, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.95%

Purchase Details

Closed on
Oct 18, 1993
Sold by
Bought by

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$120,000
Interest Rate
6.95%
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
-- Western Resources Title Co
$470,000 Ticor Title Riverside
-- Ticor Title Riverside
$689,019 Accommodation
-- None Available
-- None Available
$720,000 --
$467,500 --
-- --
-- Fidelity National Title Ins
$160,000 Fidelity National Title Ins
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Open $400,000
Previous Owner $540,000
Previous Owner $467,150
Previous Owner $120,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft
04/25/2012 04/25/12 Sold $470,000 +14.1% $236 / Sq Ft
03/28/2012 03/28/12 Pending -- -- --
03/08/2012 03/08/12 For Sale $412,000 -- $207 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $7,566 $640,710 $464,733 $175,977
2024 $7,307 $628,148 $455,621 $172,527
2023 $7,232 $615,833 $446,688 $169,145
2022 $6,912 $603,759 $437,930 $165,829
2021 $6,876 $591,922 $429,344 $162,578
2020 $6,801 $585,853 $424,942 $160,911
2019 $6,605 $574,366 $416,610 $157,756
2018 $6,454 $563,105 $408,442 $154,663
2016 $6,118 $541,241 $392,583 $148,658
2015 $5,996 $533,113 $386,687 $146,426
2014 $6,002 $581,716 $427,691 $154,025
Source: Public Records

Agents Affiliated with this Home

  • E

    Seller's Agent in 2012

    Ed Sanchez

    No Firm Affiliation

  • N

    Buyer's Agent in 2012

    Naira Khachatryan

    Town & Ranch Realty

See All Agents

Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: B12031355

California Regional Multiple Listing Service (CRMLS)

APN: 5625-015-014

California Los Angeles County Burbank 91502 Rancho Adjacent

243 W Elm Ave, Burbank, CA

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

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